![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
(no subject)
Aug. 23rd, 2007 12:21 pmI ventured back into the long sterling pool last night, with what turned out to be a neat bit of timing. I haven't quite got back the bath that I took last week when the pound dropped 3.5 cents further than I thought it would. But, on the bungee jumping principle, I'll assume that it will bounce back a similarly excessive amount.
The only question now is whether to go for the famous "press-up" that worked so well in 2003, gradually increasing the size of my position for every cent or so that the pound improves. This works very well if you get a smooth path up to 2.12, but can cause serious stress if there is any kind of pullback.
But, fuck it, I have to make SOME money out of the past week's shenanigans; and I don't want to look back to today from the joy of a December rate of 2.20:1 and say to myself "it was so obvious".
Weather: miserable
Surgeon; This afternoon
And, yes, the plumber did phone up, at last, to organize coming round for finalising the new bathroom details. And, yes, he did want to come round this afternoon.
Their timing is immaculate.
The only question now is whether to go for the famous "press-up" that worked so well in 2003, gradually increasing the size of my position for every cent or so that the pound improves. This works very well if you get a smooth path up to 2.12, but can cause serious stress if there is any kind of pullback.
But, fuck it, I have to make SOME money out of the past week's shenanigans; and I don't want to look back to today from the joy of a December rate of 2.20:1 and say to myself "it was so obvious".
Weather: miserable
Surgeon; This afternoon
And, yes, the plumber did phone up, at last, to organize coming round for finalising the new bathroom details. And, yes, he did want to come round this afternoon.
Their timing is immaculate.
